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Capital concerns hit BNP Paribas on report of US$10bil fine

PARIS/LONDON: Fears that a looming U.S. fine on BNP Paribas BNPP.PA could be big enough to force it to raise capital and restrict its dividends hit France's biggest bank on Friday, driving its shares sharply lower.


Three things Asean must do - now



China's oil rig move leaves Vietnam, others looking vulnerable

HONG KONG: China's decision to park its biggest mobile oil rig 120 miles off the Vietnamese coast has exposed how vulnerable Hanoi, and other littoral states of the South China Sea, are to moves by the region's dominant power to assert its territorial claims.


Maybank Research retains Overweight on oil and gas sector

KUALA LUMPUR: Maybank Investment Bank Research is maintaining its Overweight call on the oil and gas sector and its top picks are Dialog Group, Perdana Petroleum, SapuraKencana Petroleum, Perisai Petroleum and Yinson.


Philippines President urges more interaction among regional business leaders

KUALA LUMPUR: Philippines President Benigno Aquino has called for active interaction among business leaders, urging both political leaders and business captains to prioritise for the betterment of the people.


RHB focuses on next phase of regional transformation

KUALA LUMPUR: RHB Banking Group, one of the largest fully integrated financial services group in Malaysia, is focused on its next phase of regional transformation, after delivering another profitable year in 2013.


Thai army prepares emergency economic measures

BANGKOK: The military junta running Thailand has drawn up a list of emergency measures such as price caps on fuel and loan guarantees for small firms to kick-start an economy threatened by recession after months of political turmoil.


Switzerland, Norway, Australia are world's most expensive economies

WASHINGTON: Switzerland and Norway are the world's most expensive economies, followed by Bermuda, Australia and Denmark, according to a new ranking by the World Bank.


TPP will complement Apec, says US official

NEW YORK: A senior official from the US State Department does not see any competition between the Trans-Pacific Partnership (TPP) and the Asia-Pacific Economic Cooperation (Apec).


LINs Ad seeks to help SMEs

LINs Advertising & Marketing Sdn Bhd (LINs Ad) executive director Mickie Teo has a dream: to turn local small and medium-sized enterprises/industries (SMEs/SMIs) into multinational corporations.